Flint, a global crypto investment app, raised $5.1 million in seed funding led by Sequoia Capital India and GFC. Coinbase Ventures, Hashed, IOSG, Better Capital, Antler India, and MSA Capital also participated in the round as part of 11 institutional investors. Close to 60 angel investors across the globe participated in the funding round as well.
According to a statement released by the startup, the fresh capital will help it accelerate bringing early users on board, enhance the product based on early feedback, and hire for senior positions across engineering, design, and product functions.
Flint also plans to allocate a significant portion of the funding to strengthen legal and risk functions, ensuring compliance with legal and regulatory norms, while also going above and beyond market standards to reduce business risk.